A bill in the Rhode Island General Assembly (H.B. 5458) would eliminate the sunset provision for the State Historic Tax Credit (HTC). The credit is currently set to expire when the maximum aggregate credits are exhausted or June 30, 2021, whichever comes first. The measure has been referred to the House Finance Committee, which has […]
Dakota Partners recently closed on three projects: Brookside Terrace in East Greenwich, RI; Stockbridge Landing in Scituate, MA; and Depot Village in Hanson, MA.
RIHousing is utilizing $500,000 in funding from the HOME Investment Partnerships Program (HOME) to establish the COVID-19 Emergency Tenant Based Rental Assistance Program.
Wingate Companies has been working with co-developer Omni Development Corporation and architect the DBVW to craft a reimagined design vision for the existing Barbara Jordan II Apartments in South Providence.
A new analysis from the National Council of State Housing Agencies documents the critical components of state housing finance agency emergency rental assistance programs established in response to the COVID-19 pandemic. So far, 11 states (Arizona, Delaware, Florida, Idaho, Maine, Montana, New Hampshire, New Mexico, North Dakota, Rhode Island and Texas) have created emergency rental […]
RIHousing announced the issuance of $73.6 million of new bonds, the first ‘Sustainability Bonds’ to be offered by the agency. The sale of the bonds will fund the acquisition and rehabilitation of 752 rental homes for low- and moderate-income Rhode Islanders.
Barbara Jordan II is a housing development in Upper South Providence which includes 26 two- and three-story apartment buildings situated on scattered sites totaling 2.75 acres. The 26 buildings contain a total of 74 apartments, all of which are currently vacant.
U.S. Senator Jack Reed and Mayor Scott Avedisian joined Barbara Fields, Executive Director of RIHousing and representatives from Property Advisory Group & Cathedral Development Group to celebrate the completion of renovations at Greenwood Terrace, a housing development for low-income seniors on Post Road. The event came as Rhode Island faces a serious housing shortage, particularly […]
Rhode Island has released an RFP for the HOME Investment Partnership Program and anticipates being able to award $3M.
Bank of America Merrill Lynch’s Community Banking National Executive Maria Barry joined the Rhode Island Housing Board of Commissioners after unanimous approval by Rhode Island State Senate.
Rhode Island Governor Gina Raimondo introduced her FY 2017 budget and proposed a $40 million bond to build homes, create construction jobs, and attract private investment.
Rhode Island Housing has financed a development through the FFB Risk Sharing program. Risk Share provides credit enhancement for mortgages of multifamily housing projects whose loans are underwritten, processed, and serviced by HFAs.